Shareholding4 Sept 2026, 11:06 am
JM Financial ARC Sells 3.07% Stake in Alok Industries
AI Summary
JM Financial Asset Reconstruction Company Limited, acting as trustee for JMFARC–March 2018–Trust, has disclosed the sale of 15,25,00,000 equity shares, representing 3.07% of the total share capital, in Alok Industries Limited. The transactions occurred on various dates between August 27, 2026, and September 3, 2026, primarily through open market purchases. Following this sale, the trust's holding in Alok Industries has reduced to 158,48,11,844 shares, or 31.92% of the total voting capital. Reliance Industries Limited continues to hold 198,65,33,333 shares, representing 40.01% of the total voting capital.
Key Highlights
- JM Financial ARC Trust sold 3.07% stake in Alok Industries.
- Sale of 15.25 crore shares occurred between Aug 27 and Sep 3, 2026.
- Trust's holding reduced to 31.92% post-transaction.
- Reliance Industries Limited maintains its 40.01% stake.
- Acquisition/sale was executed via open market transactions.
Price Impact
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